Job Description: Senior Account Associate
Company Overview: Loco Bear is a premier Family entertainment center (FEC) dedicated to offering engaging activities, games, and experiences for individuals. Our mission is to create a memorable, safe, and fun-filled environment for everyone who walks through our doors.
Position Overview: A Senior Account Associate is responsible for overseeing and managing accounting functions within the organization. This role includes supervising daily accounting operations, preparing financial statements, managing general ledger activities, and ensuring compliance with financial regulations and company policies. The Senior Accountant also plays a key role in financial reporting, budget preparation, and audit coordination, and may assist in developing accounting policies and procedures
Experience: 8-10yrs
Location: Surat
Ctc : 4.8lpa to 6.6lpa
Key Responsibilities:
- Financial Reporting:
- Prepare and review monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure accuracy, completeness, and compliance of financial reports in accordance with Generally Accepted Accounting Principles (GAAP) or IFRS (International Financial Reporting Standards).
- Analyze financial data and provide insights to senior management regarding financial performance.
- General Ledger Management:
- Oversee the maintenance of the general ledger, ensuring all financial transactions are recorded accurately and in a timely manner.
- Review journal entries, reconciliations, and adjustments to ensure proper accounting.
- Monitor and ensure accuracy of account balances and verify proper documentation.
- Month-End and Year-End Closures:
- Lead the month-end and year-end closing processes, ensuring all tasks are completed within deadlines.
- Prepare reconciliations of key accounts, ensuring all transactions are correctly recorded.
- Ensure that closing procedures are followed and discrepancies are resolved before closing the books.
- Audit and Compliance:
- Assist in the preparation for internal and external audits, providing necessary documentation and support to auditors.
- Ensure compliance with accounting standards, company policies, and relevant regulations.
- Identify areas for improving financial controls and implement corrective actions where necessary.
- Tax Compliance and Reporting:
- Ensure timely and accurate filing of taxes in accordance with local and international tax laws.
- Assist with the preparation of tax returns and tax provision calculations.
- Collaborate with tax advisors or external consultants to ensure compliance with tax regulations.
- Budgeting and Forecasting:
- Assist in the preparation and analysis of annual budgets and forecasts.
- Review actual financial performance against budgeted figures and provide explanations for variances.
- Provide financial recommendations to management based on budget analysis.
- Accounts Payable and Receivable Oversight:
- Supervise the accounts payable and accounts receivable functions, ensuring timely and accurate processing of invoices and payments.
- Review aging reports and assist in managing collections and vendor relationships.
- Monitor cash flow to ensure sufficient liquidity for business operations.
- Process Improvement:
- Identify opportunities for improving accounting processes, financial reporting, and internal controls.
- Recommend and implement process enhancements to increase efficiency and accuracy within the accounting department.
- Help streamline accounting systems and integrate new software or tools as needed.
- Team Leadership and Mentoring:
- Supervise junior accountants or accounting clerks, providing training, guidance, and support.
- Review the work of junior staff and assist with resolving complex accounting issues.
- Promote a collaborative and high-performance environment within the accounting team.
Qualifications:
- A bachelor’s degree in Accounting, Finance, or a related field. A Certified Public Accountant (CPA), Chartered Accountant (CA), or similar accounting certification is preferred.
- At least 8-10 years of experience in accounting, with a strong background in general accounting, financial reporting, and reconciliation.
- In-depth knowledge of accounting principles and financial regulations (e.g., GAAP or IFRS).
- Proficiency with accounting software (e.g., QuickBooks, SAP, Oracle) and Microsoft Excel (advanced level).
- Strong analytical and problem-solving skills, with the ability to identify and resolve discrepancies.
- Knowledge of tax regulations and compliance requirements.
- Ability to prioritize tasks and manage time effectively to meet deadlines.
Pay: ₹30,000.00 - ₹35,000.00 per month
Work Location: In person
